Top Verdi, MN Mortgage Lenders

RankVerdi Mortgage LenderVerdi Home Loans ProcessedVerdi Home Loans ApprovedVerdi Home Loans DeniedVerdi Mortgage Median Loan to Income Ratio (LTR) for Approved LoansVerdi Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 79 65%13%
  • 132%
  • (168,000 Loan / $127,000 Income)
  • 175%
  • (49,000 Loan / $28,000 Income)
2Bank Of The West 77 61%31%
  • 79%
  • (54,000 / $68,000)
  • 40%
  • (17,000 / $42,000)
3Jpmorgan Chase Bank 28 75%25%
  • 213%
  • (32,000 / $15,000)
  • 161%
  • (71,000 / $44,000)
4Countrywide Bank Fsb 21 66%14%
  • 201%
  • (137,000 / $68,000)
  • 485%
  • (170,000 / $35,000)
5Genworth Mortgage Insurance Co 20 75%0%
  • 182%
  • (135,000 / $74,000)
0
6Citimortgage 18 72%16%
  • 207%
  • (210,000 / $101,000)
  • 273%
  • (172,000 / $63,000)
7Us Bank 16 62%18%
  • 300%
  • (156,000 / $52,000)
  • 252%
  • (96,000 / $38,000)
8First Bank & Trust 15 86%6%
  • 139%
  • (53,000 / $38,000)
  • 294%
  • (100,000 / $34,000)
9Countrywide Home Loans 15 86%13%
  • 133%
  • (60,000 / $45,000)
  • 331%
  • (169,000 / $51,000)
10Beneficial Company Llc 14 0%85% 0
  • 225%
  • (135,000 / $60,000)
11Hfc Company Llc 13 15%76%
  • 222%
  • (136,000 / $61,000)
  • 197%
  • (89,000 / $45,000)
12Gmac Mortgage Llc 13 30%38%
  • 200%
  • (120,000 / $60,000)
  • 126%
  • (52,000 / $41,000)
13Phh Mortgage Corporation 10 50%10%
  • 260%
  • (60,000 / $23,000)
  • 472%
  • (52,000 / $11,000)
14Mortgage Guaranty Insurance Co 10 60%40%
  • 241%
  • (133,000 / $55,000)
  • 200%
  • (126,000 / $63,000)
15Us Bk Na Nd 9 55%22%
  • 56%
  • (33,000 / $58,000)
  • 511%
  • (46,000 / $9,000)
16Bank Of America 9 77%0%
  • 267%
  • (83,000 / $31,000)
0
17Us Bank North Dakota 8 37%37%
  • 89%
  • (25,000 / $28,000)
  • 198%
  • (109,000 / $55,000)
18United Guaranty Corporation 8 87%12%
  • 171%
  • (60,000 / $35,000)
  • 160%
  • (151,000 / $94,000)
19State Farm Bank 8 37%37%
  • 88%
  • (64,000 / $72,000)
  • 146%
  • (92,000 / $63,000)
20Merchants Bank 7 100%0%
  • 178%
  • (200,000 / $112,000)
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Verdi, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 601
  2. Loan Applications Denied: 147
  3. % of Loan Applications Denied: 24
  4. # of Loan Originations: 343
  5. % of Loan Applications Originated 57

Verdi, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history12
Debt-to-income ratio5
Unverifiable information3
Credit application incomplete2

Verdi, MN Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000385 5623
$100,000 - $300,000205 5724
$300,000 - $500,0008 3750
$500,000 - $1,000,0003 3333

Verdi, MN Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000507 5426
$100,000 - $300,00089 6315
$300,000 - $500,0005 8020

Loan to Income Ratios Research for Mortgage in Verdi, MN

Loan to Income Ratio (Loan Amount as a Percentage of Income Levels) Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
0 - 30%4862 31
30 - 60%4742 29
60 - 100%7661 22
100 - 200%22262 21
200 - 300%12056 20
300 - 400%5058 22
> 400%3823 47

Verdi, MN Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling543 5525
Not Owner-Occupied As A Principal Dwelling52 7511

Home Owner Property Type Statistics in Verdi, MN for Home Loans

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)538 5625
One To Four-Family51 7013
Manufactured Housing12 4133
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